NEWARK, NJ - A Danish national living in Jersey City has been arrested and charged by federal authorities in connection with a scheme in which they say he embezzled over $550,000 from the company he worked for.
According to United States Attorney Craig Carpenito, Morten Nielsen, 36, a former program manager of an international freight forwarding company is charged with two counts of wire fraud. He appeared before U.S. Magistrate Judge Joseph A. Dickson by videoconference.
Documents filed in this case and statements made in court, share that Nielsen was responsible for the company’s contract relating to the Egyptian Foreign Military Sales program (EFMP), a program between the government of Egypt and the U.S. Department of Defense (DoD) that facilitates the sale and repair of military equipment from the DoD to Egypt.
Nielsen was responsible for ensuring all safeguards and logistics for the transportation of certain classified material between the United States and Egypt and for submitting all paperwork and billing invoices on behalf of the company to the Egyptian government. Once approved, those invoices were forwarded to the DoD for payment to the company.
The charges, however, allege that Nielsen sent fraudulent invoices on behalf of his employer to the Egyptian government that requested payment for services performed by a sham company he created. The sham company did not perform any services for his employer. Once the fraudulent invoices were approved by Egypt and paid by the DoD, Nielsen caused his employer to pay the sham company he created over $550,000 over a two-year period.
The charges carry a prison term of up to 20 years each and a fine of $250,000.
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October 06, 2020 at 06:22PM
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Danish Man Living in Jersey City Steals $550K from Company Doing Business in Egypt, Authorities Say - TAPinto.net
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